ArcBest (ARCB) Scheduled to Post Earnings on Tuesday

ArcBest (NASDAQ:ARCB - Get Free Report) is scheduled to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.59 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

ArcBest (NASDAQ:ARCB - Get Free Report) last released its earnings results on Tuesday, February 6th. The transportation company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.25. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. ArcBest had a net margin of 4.41% and a return on equity of 15.91%. The company's revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.45 EPS. On average, analysts expect ArcBest to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

ArcBest Stock Up 4.6 %

Shares of ARCB traded up $6.42 during midday trading on Tuesday, hitting $145.95. The company had a trading volume of 209,270 shares, compared to its average volume of 302,510. The company's 50 day moving average price is $140.38 and its 200 day moving average price is $124.39. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 0.59 and a beta of 1.49. ArcBest has a 52 week low of $82.18 and a 52 week high of $153.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.13.

ArcBest Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Thursday, February 15th. ArcBest's dividend payout ratio is presently 6.07%.

Analysts Set New Price Targets

ARCB has been the subject of a number of recent research reports. Stephens boosted their price objective on shares of ArcBest from $165.00 to $205.00 and gave the company an "overweight" rating in a research report on Wednesday, February 7th. Morgan Stanley boosted their price objective on shares of ArcBest from $155.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of ArcBest in a research report on Monday, January 29th. They set a "buy" rating and a $148.00 price objective for the company. Stifel Nicolaus boosted their target price on shares of ArcBest from $153.00 to $159.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. Finally, The Goldman Sachs Group boosted their target price on shares of ArcBest from $133.00 to $149.00 and gave the company a "neutral" rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $151.54.

Insider Buying and Selling

In related news, insider Erin K. Gattis sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $141.58, for a total transaction of $283,160.00. Following the completion of the sale, the insider now directly owns 32,247 shares in the company, valued at $4,565,530.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is currently owned by insiders.

ArcBest Company Profile

ArcBest Corporation, an integrated logistics company, engages in the provision of ground, air, and ocean transportation solutions. It operates through two segments: Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services, that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products.